Donaco’s legal proceedings continue at Star Vegas

Company News

by Rachael Jones

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Last Updated: 19/06/2019 3:18 PM

Donaco International (ASX:DNA) has given an update on its legal proceedings with the vendors of the Star Vegas casino business in Cambodia.

Donaco has recently been granted an injunction in its favour by the Banteay Meanchey Court of First Instance in Cambodia, to prevent the vendors of the Star Vegas business from threatening to terminate the lease of the land on which the Star Vegas sits.

This injunction remains in force for an indefinite period of time.

The Star Vegas Resort & Club is Donaco’s largest business with 100 gaming tables and 385 hotel rooms.

Shares in Donaco International (ASX:DNA) are trading flat at 14c

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.